Pending
3410-3422 Vail Avenue SE
Albuquerque NM, 87106
$1,625,000
$125.44 per sqft
Pending
2 Beds
1 Bath
12,954 sqft
Multi-family
Built in 1962
Courtesy of NAI SunVista Commercial RE
PRICE REDUCED! At a $70,000 discount, the revised in-place (Aug-24) cap rate is 6.23%. The Skylight Apartments satisfy common multifamily investment criteria: Well-below-market lease rates (45.08%), 100% 2 Bedroom-1 Bathroom units, fully renovated interiors, individually metered gas & electricity, minimal deferred maintenance, and an improving submarket. The four adjacent fourplexes include sixteen (16) sizable 2 Bedroom-1 Bathroom configurations (+/- 750 SF), which furnish in-unit washers and dryers (93.75%), vaulted ceiling skylights, private enclosed courtyards (75%), dishwashers, garbage disposals, and upgraded finishes.2014-2017 Improvements: Electrical, TPO Roofs, Plumbing, Windows, Interiors.Cap Rate: 6.23%Pro Forma Cap Rate: 10.02%Year-End 5 Valuation: $2,612,704
1067416
MLSⓇ ID
July 23, 2024
Listed
November 22, 2024
Updated
Map
3410-3422 Vail Avenue SE
Albuquerque NM, 87106
Interior Features
Total Stories
1
Bedrooms
2
Total Bathrooms
1
Interior Features
Skylights
Appliances
Dryer, Dishwasher, Free-Standing Gas Range, Disposal, Microwave, Refrigerator, Range Hood, Washer
Laundry Description
Washer Hookup, Dryer Hookup, In Unit
Floor Description
Concrete, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Evaporative Cooling, Refrigerated
Heating
Yes
Heating Description
Floor Furnace
Exterior/Building Features
Lot Size
0.72 Acres
Other Property Details
Area Name
42 - UNM South
Taxes
$12,174
Tax Frequency
Annually
Days on Market
56
Garage
No
View
No
County
Bernalillo
Pool
No
Green Building Features
Green Features
None
Listing History
Date | Event | Price |
|---|---|---|
9/17/2024 | Pending | — |
8/20/2024 | Price change | $1,625,000 -5% |
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